Petrol and diesel prices as at 22 September 2020

The price of all fuels rose 2 cents per litre (cpl) on 22 September, due to a slight rise in the landed cost of fuel. This was despite a small drop in oil prices, as an increase in refined prices more than offset lower oil prices. Despite that, the increased import costs were not really enough to merit a 2cpl increase and as a result margins have risen.

Petrol and diesel prices as at 22 September 2020
  National fuel price
91 Octane 203.9
Diesel 127.9

Petrol and diesel prices as at 15 September 2020

There have been some further reductions in fuel prices, with both petrol and diesel falling a total of 4 cents per litre (cpl) in the space of a week, the most recent on 15 September. The price of diesel is now the lowest it’s been since August 2017. Since the previous price cut in early September, commodity prices have fallen further, particularly diesel, with the landed cost of diesel dropping 4cpl. The landed cost of petrol initially fell nearly 2cpl before rising 1.5cpl in the middle of the month, and as a result fuel company margins have fallen with the 4cpl retail price drop.

Petrol and diesel prices as at 15 September 2020
  National fuel price
91 Octane 201.9
Diesel 125.9

 

Petrol and diesel prices as at 3 September 2020

The national price of petrol fell 2 cents per litre (cpl) on 3 September, with diesel falling 4cpl, bringing diesel almost back to the lowest price seen during March after global commodity prices took a large tumble. The latest decreases is due to a drop in the landed cost of fuel, with petrol down about 2cpl and diesel nearly 3cpl since the last retail price movement a fortnight ago. This is due to falling commodity prices and a rise in the exchange rate. As it is, fuel company margins remain healthy so there is room for further price cuts.  

Petrol and diesel prices as at 3 September 2020
  National fuel price
91 Octane 205.9
Diesel 129.9
Previous prices as at 21 August 2020
  National fuel price
91 Octane 207.9
Diesel 133.9

 

 

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